A Wall Street analyst thinks things will only get worse for the crypto exchange.

We believed that cryptocurrency prices, especially Bitcoin and Ether, were immune to the economy's crash. Now we all know better.

Coinbase's fortunes' are tied to cryptocurrency prices, which have been falling. Investors are shy of buying Coinbase (NASDAQ: COIN). The challenges the company faces this year are many but it is preparing for a rebound.

Pandemic superstar fund, ARKK Innovation ETF, has been facing tremendous pressure as its stock continues to dip. Economic conditions and the losses recorded by its holdings have contributed to its woes. We believe buying the dip on ARKK is not wise at this time.

Coinbase is a Buy, But Wait for Earnings.

Wood specifically mentioned Coinbase as Ark’s bet to lead the revolution into the institutional world.

For those of you who don’t really follow the crypto markets, Ethereum is the second-largest crypto by market cap, trailing only Bitcoin.

Here are some stocks the ETF owns that you can trade or invest in for the short term.

Coinbase reported a massive revenue beat with $2.5 billion in revenues last quarter and Block's Quarterly revenue topped $4.08 billion.

It is a question I have been mulling over ever since Coinbase (NASDAQ:COIN) went public in April of this year.